TSXV:PEM.P - Post by User
Post by
prospector7on Jan 21, 2010 2:08pm
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Post# 16704675
My Take
My TakeIf I remember correctly we were@ .41 a couple weeks ago then came the TD bid 687000@.50 then at opening it went through @ .47 then came the NR and we hit .64 acually some went @.67. That is a huge gap folks it has to fill unless you have NRs to back it up.
Couple this with the fact that on March 31st the stimulus is over and the writing will be on the wall that the banks spent the $$$$$ to make $$$ for themselves, that this never really helped the economy. Obama has a decision on that day as far as I'm concerned it is a lose ethier way, if he does nothing the USD tanks and if he adds to the stimulus the USD will really tank. I think investors are cashing up and waiting it out to see what happens.
This is what smart $$$$ will be doing and that is what I see today huge sell offs and more to come.
Another thing in the mix if oil goes up inflation will rise and gold will go higher and our PEM will be fine. These juniors are going no where as long as gold is tanking. GLA